The forecast for employment in Italy's Made-Up Textile Articles (Except Apparel) industry shows a consistent decline from 13.3 thousand employees in 2024 to 11.35 thousand in 2028. Based on data up to 2023, it's evident that this downward trend is a continuation of past trajectories. Year-on-year changes highlight gradual percentage decreases: -3.68% from 2024 to 2025, -3.83% from 2025 to 2026, -3.98% from 2026 to 2027, and -4.06% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is negative, underscoring the sector's contraction.
Future trends to watch for:
- Impact of automation and digitalization potentially reducing labor demand.
- Shifts in consumer preferences towards sustainable products affecting production.
- Economic policies and trade agreements influencing the textile sector’s dynamics.